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NY A00666

Bill

Status

Introduced

1/8/2025

Primary Sponsor

Maryjane Shimsky

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Expands the definition of "income" for enhanced STAR exemption eligibility to exclude distributions from thrift savings plans established prior to January 1, 1984, from adjusted gross income calculations

  • Applies the same income exclusion to both the real property tax law (STAR exemption) and the tax law (STAR credit) provisions

  • Updates gendered language from "his or her" to "the individual's" in income reporting requirements for those who did not file tax returns

  • Takes effect on January 1 following enactment

Legislative Description

Includes distribution from a thrift savings plan in the definition of income in relation to the enhanced STAR exemption.

Last Action

referred to real property taxation

1/7/2026

Committee Referrals

Real Property Taxation1/8/2025

Full Bill Text

No bill text available